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JG Chemicals Overview

JG Chemicals Limited, part of the BDJ Group, is a leading manufacturer of Zinc Oxide in India. Established in 1975, the company has grown to become one of the top producers globally, with a production capacity of 60,000 MTPA of Zn chemicals. Promoted by the Jhunjhunwala family, who have been influential in various industries for over 90 years. They cater to over 300 customers worldwide, serving industries like rubber, ceramics, paints and coatings, pharmaceuticals, cosmetics, electronics, batteries, agro-chemicals, fertilizers, specialty chemic...Read More

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JG Chemicals Key Financials

Market Cap ₹1300 Cr.

Stock P/E 19.5

P/B 2.6

Current Price ₹331.7

Book Value ₹ 125.9

Face Value 10

52W High ₹558.4

Dividend Yield 0.3%

52W Low ₹ 290.3

JG Chemicals Share Price

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Volume
Price

JG Chemicals Quarterly Price

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JG Chemicals Peer Comparison

JG Chemicals Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 172 153 161 181 203 212 209 224 218 220
Other Income 2 1 2 3 0 3 3 4 3 4
Total Income 175 154 163 184 203 216 212 228 221 224
Total Expenditure 167 145 147 164 180 191 186 205 198 202
Operating Profit 8 9 16 20 23 25 26 23 23 22
Interest 2 1 1 1 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 -2 0 0 0 0 0 0 0 0
Profit Before Tax 5 5 15 18 21 23 24 22 22 20
Provision for Tax 1 1 4 5 5 6 6 6 5 5
Profit After Tax 4 4 11 14 16 17 18 16 16 15
Adjustments -0 -0 -0 -1 -1 -1 -1 -1 -1 -1
Profit After Adjustments 4 4 10 13 15 17 17 15 16 14
Adjusted Earnings Per Share 1.2 1.2 3.2 3.3 3.9 4.2 4.3 3.9 4 3.7

JG Chemicals Profit & Loss

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 250 339 399 435 613 785 668 848 871
Other Income 1 3 8 7 10 11 8 13 14
Total Income 251 343 408 442 623 796 676 861 885
Total Expenditure 229 296 380 393 556 710 623 765 791
Operating Profit 22 47 27 49 67 85 53 97 94
Interest 6 6 6 5 7 5 4 1 0
Depreciation 2 2 2 2 3 3 5 5 4
Exceptional Income / Expenses 0 0 0 0 0 0 -2 0 0
Profit Before Tax 14 38 19 41 57 77 43 90 88
Provision for Tax 5 13 5 12 14 20 11 23 22
Profit After Tax 9 25 14 29 43 57 32 67 65
Adjustments 0 -2 -1 -5 -3 -2 -1 -3 -4
Profit After Adjustments 9 23 13 23 40 55 31 64 62
Adjusted Earnings Per Share 2.9 7.3 4.1 7.4 12.6 17.3 7.9 16.3 15.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 27% 11% 16% 0%
Operating Profit CAGR 83% 13% 29% 0%
PAT CAGR 109% 16% 37% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -5% NA% NA% NA%
ROE Average 15% 19% 24% 29%
ROCE Average 21% 22% 25% 27%

JG Chemicals Balance Sheet

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 31 54 85 108 153 208 398 465
Minority's Interest 0 2 5 11 4 6 7 10
Borrowings 14 8 6 5 6 7 4 0
Other Non-Current Liabilities 1 6 0 0 0 1 -0 1
Total Current Liabilities 56 56 53 85 102 77 39 22
Total Liabilities 102 126 149 210 264 298 448 498
Fixed Assets 14 14 21 23 22 35 42 39
Other Non-Current Assets 1 2 10 11 18 6 13 15
Total Current Assets 87 110 119 176 224 256 394 444
Total Assets 102 126 149 210 264 298 448 498

JG Chemicals Cash Flow

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 0 1 1 5 6 4 47
Cash Flow from Operating Activities -14 19 41 -7 7 31 76 -11
Cash Flow from Investing Activities -6 -2 -11 -6 -5 -5 -140 25
Cash Flow from Financing Activities 18 -16 -30 17 -0 -29 107 -29
Net Cash Inflow / Outflow -1 1 -0 4 1 -2 43 -15
Closing Cash & Cash Equivalent 0 1 1 5 6 4 47 31

JG Chemicals Ratios

# Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.91 7.27 4.08 7.39 12.61 17.32 7.87 16.34
CEPS(Rs) 3.43 8.58 4.99 9.82 14.44 18.99 9.35 18.41
DPS(Rs) 0 0 0 0 0 0 0 1
Book NAV/Share(Rs) 9.71 16.98 26.78 34.2 48.11 65.47 101.67 118.6
Core EBITDA Margin(%) 8.31 12.74 4.81 9.65 9.25 9.45 6.73 9.8
EBIT Margin(%) 8.04 13.13 6.4 10.69 10.49 10.46 7.06 10.75
Pre Tax Margin(%) 5.79 11.32 4.79 9.46 9.37 9.78 6.46 10.6
PAT Margin (%) 3.67 7.43 3.49 6.62 7.04 7.24 4.81 7.87
Cash Profit Margin (%) 4.35 8.02 3.96 7.15 7.47 7.68 5.49 8.51
ROA(%) 8.96 22.14 10.15 16.03 18.19 20.21 8.61 14.11
ROE(%) 29.77 59.59 20.1 29.78 33.03 31.53 10.6 15.47
ROCE(%) 21.63 44.86 21.03 29.05 29.93 31.28 13.65 20.78
Receivable days 53.02 48.06 47.07 58.59 54.96 48.94 63.49 55.64
Inventory Days 50.52 40.77 39.65 39.48 40.77 44.69 43.6 35.96
Payable days 5.26 5.56 4.36 5.38 4.6 3.94 5.5 6.72
PER(x) 0 0 0 0 0 0 21.86 18.41
Price/Book(x) 0 0 0 0 0 0 1.69 2.54
Dividend Yield(%) 0 0 0 0 0 0 0 0.33
EV/Net Sales(x) 0.25 0.15 0.13 0.16 0.14 0.12 0.81 1.27
EV/Core EBITDA(x) 2.9 1.12 1.93 1.44 1.3 1.14 10.14 11.12
Net Sales Growth(%) 0 35.75 17.67 8.99 40.78 28.03 -14.9 27
EBIT Growth(%) 0 121.69 -42.65 82.01 38.12 27.66 -42.58 93.47
PAT Growth(%) 0 175.12 -44.69 106.4 49.75 31.69 -43.46 107.92
EPS Growth(%) 0 149.94 -43.84 80.9 70.68 37.34 -54.54 107.46
Debt/Equity(x) 2.02 0.96 0.62 0.69 0.62 0.34 0.03 0
Current Ratio(x) 1.57 1.98 2.23 2.07 2.2 3.34 9.98 19.91
Quick Ratio(x) 0.95 1.24 1.38 1.49 1.33 1.99 8.57 14.91
Interest Cover(x) 3.57 7.25 3.96 8.73 9.42 15.33 11.76 73.33
Total Debt/Mcap(x) 0 0 0 0 0 0 0.02 0

JG Chemicals Shareholding Pattern

# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 70.99 70.99 70.99 70.99 70.99 70.99 70.99 70.99
FII 6.22 6.33 6.61 6.04 6.09 6.05 4.32 3.2
DII 3.16 3.64 3.77 3.93 3.7 3.49 3.15 3.49
Public 19.62 19.04 18.63 19.03 19.22 19.47 21.53 22.31
Others 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100

JG Chemicals News

JG Chemicals Pros & Cons

Pros

  • Company has delivered good profit growth of 36% CAGR over last 5 years
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Debtor days have increased from 5.5 to 6.72days.
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